22 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower after last Friday’s declines in stocks and bonds across global markets
- DXY traded rangebound near a monthly high, EUR/USD remained lacklustre, and USD/JPY was kept afloat
- Russia is to shut the Nord Stream 1 pipeline for three days citing maintenance; China’s Sichuan extended its factory power cuts
- The PBoC cut the 1-Year LPR by 5bps to 3.65% and reduced the 5-Year LPR by 15bps to 4.30% vs expectations for a...
19 Aug 2022, 15:01 by Newsquawk Desk
- MON: PBoC LPRs & Israel Policy Announcement; Swiss M3 (Jul), UK CBI Trends (Aug), US National Activity Index (Jul).
- TUE: NBP Policy Announcement; Australian, EZ, UK & US Flash PMIs (Aug), EZ Consumer Confidence Flash (Aug).
- WED: South African CPI (Jul), Canadian Business Barometer (Aug), US Durable Goods (Jul).
- THU: Fed Jackson Hole (1/3), ECB Minutes (Jul), CBRT Minutes (Aug); German GDP Detailed (Q2), Norwegian Labour...
19 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.6%, in a session of limited newsflow with focus on continuing hawkish price action.
- Stateside, given the hawkish action, NQ -1.0% is the incremental underperformer ahead of commentary from 2024 voter Barkin.
- Commodities are under broad pressure given USD strength with crude curtailed as it awaits another JCPOA response.
- Dollar continues to reign as risk sentiment sours again and...
19 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks lacked firm direction despite the mild tailwinds from the US where sentiment was somewhat underpinned by mostly encouraging data.
- European equity futures are indicative of a marginally lower open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.6% yesterday.
- DXY has continued to strengthen on a 107 handle, EUR is sub 1.01, GBP/USD hovers around the 1.19 mark.
- Indonesian President Widodo said Chinese...
18 Aug 2022, 11:38 by Newsquawk Desk
- European bourses began the session mixed/flat and are yet to gain any real traction in relatively limited newsflow, Euro Stoxx 50 +0.5%.
- Stateside, performance is similar ahead of a few corporate updates, data and Fed speak, ES +0.1%
- WTI and Brent were bolstered by rhetoric from the Russian Defence Ministry re. Zaporizhia and as China's President Xi spoke
- Spot gold experienced a marginal haven bid while broader metals are more...
18 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly declined following the weak handover from global counterparts as markets ramped up hawkish central bank pricing.
- FOMC Minutes noted many officials saw a risk the Fed could tighten more than necessary.
- European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.2% after the cash market closed lower by 1.3% yesterday.
- FX markets are relatively contained with the DXY remaining...
17 Aug 2022, 11:50 by Newsquawk Desk
- European bourses have dipped from initial mixed/flat performance and are modestly into negative territory, Euro Stoxx 50 -0.5%.
- Stateside, futures are under similar pressure awaiting fresh corporate updates (LOW & TGT thus far) and the July FOMC Minutes, ES -0.6%.
- USD bid but off best with Retail Sales and Minutes ahead, GBP pulls back from initial post-CPI gains, JPY hit on differentials
- Debt retracement continues as yields climb while...
17 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks just about shrugged off the choppy lead from the US where markets were tentative amid mixed data signals and strong retailer earnings.
- European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.5% after the cash market closed higher by 0.4% yesterday.
- DXY is contained, EUR/USD lost steam ahead of 1.02, NZD is firmer post-RBNZ.
- RBNZ delivered a hawkish 50bps (as expected) rate hike in which...
16 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are firmer across the board after a relatively constructive APAC handover, Euro Stoxx 50 +0.4%, though off best levels post-ZEW.
- US futures are in contained ranges and pivoting the unchanged mark at this point in time, ES -0.2%; HD and WMT in focus.
- DXY has breached last week's peak to the detriment of peers across the board, with EUR downside exacerbating this amid data.
- Core fixed benchmarks have seen a pullback from...
16 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive as the region followed suit to the gains on Wall Street, albeit growth concerns lingered.
- European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.3% yesterday.
- DXY remained steady around 106.50, EUR/USD held support at 1.0150, G10 FX was overall contained.
- Crude remained subdued following recent soft data releases...
15 Aug 2022, 11:40 by Newsquawk Desk
- Major bourses in Europe kicked off the session with modest broad-based gains before trimming gains amid a cautious tone; stateside performance more subdued
- Crude benchmarks under pronounced pressure amid constructive Iranian nuclear deal updates; Iran to update before end of session
- DXY has been picking up to the detriment of peers across the board as the tone turns more cautions, Antipodeans lag amid poor China data
- Yuan hit on data and...
15 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed, Chinese data missed expectations whilst the PBoC surprised with 10bps rate cuts to its 1yr MLF rate and 7-day Reverse Repo rate
- DXY failed to sustain the early gains against its major counterparts, EUR/USD remained lacklustre, USD/JPY initially retreated but then pared most of its losses
- 10yr UST futures were steady after last Friday’s curve flattening, Bund futures were uneventful, 10yr JGBs futures eked marginal...
12 Aug 2022, 13:49 by Newsquawk Desk
- MON: BoC Loan Officer Survey; Japanese GDP (Q2), Chinese Retail Sales & Industrial Output/Production (Jul), US NY Fed Manufacturing (Aug), NAHB Housing Market Index (Aug)
- TUE: RBA Minutes (Aug); UK Unemployment (Jun) & Claimant Count/HMRC (Jul), Indian WPI (Jul), German ZEW (Aug), Canadian Housing Starts (Jul), US Building Permits/Housing Starts (Jul), Canadian CPI (Jul), US Industrial Production/Manufacturing Output (Jul)
- WED: FOMC Minutes (Jul),...
12 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are firmer, but action has been relatively contained with newsflow slim, Euro Stoxx 50 +0.2%; however, benchmarks waned alongside US futures following China ADS updates.
- Currently, ES +0.4% but similarly off best levels amid Chinese stocks announcing intentions to delist their ADSs and reports via BBG that Germany is being looked at as a banking base.
- DXY continues to recover to the modest detriment of peers, though non-US Dollars are relatively...
12 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed following a similar indecisive lead from Wall Street; SPX -0.07%, NDX -0.65%.
- European equity futures are indicative of a flat open with the Euro Stoxx 50 future Unch. after the cash market closed higher by 0.2% yesterday.
- DXY maintains 105 status, NZD leads G10 FX whilst JPY lags, EUR/USD sits on a 1.03 handle.
- Crude marginally softened overnight after Brent and WTI encountered resistance at USD 100/bbl and USD 95/bbl...
11 Aug 2022, 11:25 by Newsquawk Desk
- European bourses are little changed overall after a modestly firmer open failed to gain much traction with newsflow limited, Euro Stoxx 50 +0.1%.
- Stateside, performance is very similar though futures are faring incrementally better, ES +0.2% and the NQ +0.4% remains the relative outperformer.
- DXY is back on a softer footing, below 105.00, with peers firmer though magnitudes vary
- Core benchmarks are under modest pressure but remain above the...
11 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks took impetus from their global counterparts after softer-than-expected US CPI propelled stocks on Wall St (S&P 500 +2.1%)
- European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.4% after the cash market closed higher by 0.9% yesterday
- DXY has clawed back some of its post-CPI losses, EUR/USD is back on a 1.02 handle, JPY lags G10 FX
- Fed's Daly and Kashkari suggested it is...
10 Aug 2022, 11:35 by Newsquawk Desk
- European bourses are mixed and near the unchanged mark overall, Euro Stoxx 50 +0.1%,, after a softer open following a downbeat APAC/Wall St. handover.
- Stateside, futures have lifted off initial lows but reman in proximity to unchanged levels pre-CPI, ES +0.2%.
- DXY has eased but remains in narrow ranges to the modest benefit of peers; Yuan initially softer on below-exp. Chinese CPI
- A decisive move higher in EGBs/USTs without fresh catalyst or...
10 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly subdued following the weak handover from the US where tech stocks were pressured; SPX -0.40%, NDX -1.15%.
- Chinese inflation metrics fell short of expectations with Y/Y PPI hitting a 17-month low.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 future -0.2% after the cash market closed lower by 1.0% yesterday.
- G10 FX was rangebound ahead of US CPI, EUR/USD sits on a...
09 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.5%, but remain relatively rangebound and lack conviction with catalysts thin.
- Stateside performance has been similar though NQ -0.4% has come under pressure amid a Q4 guidance update from Micron (MU), -5% pre-mkt
- DXY briefly lost 106.00 with modest upside seen in peers across the board
- GBP initially dented on BoE's Ramsden, with associated Gilt and broader debt upside relatively...
09 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mostly higher following a tentative lead from the US (S&P 500 -0.1%).
- Taiwan began a live-fire artillery drill simulating defence against an attack by China, according to AFP.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 1.0% yesterday.
- G10 FX is contained with the USD steady, EUR/USD eyeing 1.02 to the upside,...
08 Aug 2022, 11:30 by Newsquawk Desk
- European bourses are firmer across the board after shrugging off mixed APAC trade, Euro Stoxx 50 +0.8%.
- Similar directional performance in US futures, though magnitudes are more contained amid limited newsflow with little scheduled ahead, ES +0.3%.
- APAC trade was torn between strong Chinese trade data and hawkish Fed repricing post-NFP
- DXY has pulled back from Friday's peaks to the modest benefit of peers while core Fixed experience similar...
08 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed with price action choppy as participants reflected on encouraging Chinese trade data and hawkish Fed repricing.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed with losses of 0.8% on Friday.
- Fed’s Bowman (voter) said the Fed should consider more 75bps rate hikes at coming meetings.
- DXY is contained after Friday's gains, AUD outperforms G10 FX,...
05 Aug 2022, 15:04 by Newsquawk Desk
- MON: Swiss Unemployment (Jul), EZ Sentix (Aug), US Employment Trends (Jul).
- TUE: EIA STEO; Australian Consumer Sentiment (Aug), US NFIB (Jul).
- WED: Chinese CPI & PPI (Jul), German CPI Final (Jul), Norwegian CPI (Jul), Turkish Unemployment (Jun), US CPI (Jul), Chinese M2 (Jul).
- THU: OPEC MOMR, IEA OMR, Banxico Policy Announcement, Japanese Mountain Day; Swedish Unemployment (Jul), US IJC (w/e Aug 1st), US PPI Final Demand (Jul),...
05 Aug 2022, 11:45 by Newsquawk Desk
- European bourses are under modest pressure in wake of China taking countermeasures against "Pelosi's invasion of Taiwan", Euro Stoxx 50 -0.4%.
- However, performance is fairly contained overall as we await the key US Labour Market print (newsquawk preview available) before next week's CPI.
- DXY is firmer on the China update with activity currencies pressured and havens deriving modest upside.
- Core debt is relatively steady with a modest...